IFSCA (Fund Management) Regulations, 2025 empowers the Authority to specify certification courses for the employees of Fund Management Entity (‘FME’) in IFSC. Accordingly, IFSCA vide this circular specifies the certificate course for KMPs and all other employees discharging the core fund management activities, titled “Regulatory Framework for Fund Management in IFSC: AIFs and Retail Schemes” offered by The Institute of Company Secretaries of India. The FME shall ensure that its KMPs and all other employees discharging the core fund management activities, successfully complete the aforementioned certification courses on or before September 30, 2026. Further, employees of the FMEs involved in providing non-operational / support services and entities supporting the fund management ecosystem in GIFT-IFSC including but not limited to Trustees, Intermediaries, and Fund Administrators are encouraged to undertake this certification to enhance professional competence, ensure regulatory preparedness, and promote higher standards of operational excellence within the IFSC.
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